We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Mixed
More View more
Real Time News
  • Inflation? What? Where? Just about everywhere but the headline CPI figure and in places that actually hit American pockets. https://t.co/5I61Le3UNV
  • ...interest/concern specifically in the Repo Market (according to Google search is the highest since they have records back to 2004 https://t.co/J2sTOVZOQX
  • RT @lisaabramowicz1: The Fed isn't worried about repo disruptions heading into yearend. Repo operations have “gone well so far," and “pres…
  • Overnight lending concerns are currently as high as they were back in Oct 2008. This more a game of confidence than a Fed fire house, but Powell says they are not concerned https://t.co/rcszpKzlrH
  • US Treasury Yields Update: 2-Year: 1.613% 3-Year: 1.622% 5-Year: 1.636% 7-Year: 1.733% 10-Year: 1.790% 30-Year: 2.224% $TNX
  • $EUR: Euro Eyes Lagarde's First #ECB Meeting in Wake of the Fed Full Analysis: https://www.dailyfx.com/forex/fundamental/central_bank_watch/2019/12/11/eur-price-outlook-euro-eyes-ecb-meeting-lagarde-after-fed.html https://t.co/JhnjqczIRO
  • RT @TheStalwart: Powell says he's reluctant to describe the labor market as tight because you're not seeing rapid wage growth.
  • Fed Chair Powell: - Wages being held back by low productivity and globalization - Labor market may not be as tight as we thought it was #FOMC $SPX
  • Fed Chair Powell: - Review of policy framework will last until the middle of 2020 #FOMC $DXY
  • The US Treasury yield curve is flattening with confirmation that the Fed is now on pause https://t.co/zloqGpiYVz
Euro Sentiment at Extremes - Further Rallies Remain Likely

Euro Sentiment at Extremes - Further Rallies Remain Likely

2017-03-22 16:05:00
David Rodriguez, Head of Business Development
Share:
Euro Sentiment at Extremes - Further Rallies Remain Likely

Why and how do we use IG Client Sentiment in trading? See our guide.

EURUSD: Retail trader data shows 28.4% of traders are net-long with the ratio of traders short to long at 2.52 to 1. In fact, traders have remained net-short since Mar 15 when EURUSD traded near 1.07374; price has moved 0.8% higher since then. The number of traders net-long is 4.8% lower than yesterday and 37.9% lower from last week, while the number of traders net-short is 4.6% lower than yesterday and 34.9% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.